STO Shares Dip as Q1 2024 Consolidated Turnover Falls 5.9% Year-on-Year

• Consolidated turnover of Sto SE & Co. KGaA decreased by 5.9% in Q1 2024 compared to the previous year
• Decrease in demand in Germany and internationally due to weather conditions and reluctance to invest in the building industry
• Increase in seasonally typical Q1 deficit compared to 2023
• Number of Sto Group employees increased to 5,804 worldwide
• Outlook for 2024 remains unchanged with expected turnover of EUR 1.79 billion and EBIT between EUR 113 million and EUR 138 million
• Group-wide investments in Property, plant and equipment, and Intangible assets increased to EUR 6.4 million in the reporting period

The price of STO at the time of the news was 166,00EUR and was down -0,90 % compared with the previous day.
22 minutes after the article was published, the price was 165,50EUR this corresponds to a minus of -0,30 % since publication.
At this time, the index SDAX was at 14.764,90PKT (+0,04 %).

STO

+1,05 %

+4,47 %

+15,05 %

+17,87 %

-4,95 %

-4,85 %

+74,72 %

+15,27 %

+8.581,70 %

ISIN:DE0007274136WKN:727413

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